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News & Insights

Spending Resolution Affects ACA Taxes

On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018.  The continuing resolution impacts three taxes and fees under the Affordable Care Act (ACA). To read entire article click here.

Two Major Employee Benefit Changes

In December the IRS issued a notice that delays the furnishing deadline for 2017 ACA Reporting and President Trump signed the Tax Cuts and Jobs Act, eliminating the individual mandate penalty beginning in 2019. A failure to obtain acceptable health insurance in 2017 and 2018 could result in a penalty for the individual. To read entire Read more…

IRS Issues New Tables For 2018 Tax Withholding

Employers should become familiar with the new tables and begin using them as soon as possible, but no later than Feb. 15, 2018.  Employers should also monitor the IRS’s Notice 1036 website for future guidance regarding income-tax withholding under the Tax Cuts and Jobs Act. To read entire article click here.

Individual Mandate Penalty Will Be Eliminated in 2019

On Dec. 22, 2017, President Donald Trump signed into law the tax reform bill, called the Tax Cuts and Jobs Act, after it passed both the U.S. Senate and the U.S. House of Representatives.  This tax reform bill makes significant changes to the federal tax code. To read entire article click here.

Furnishing Deadline Delayed for 2017 ACA Reporting

The deadline for furnishing individual statements under Sections 6055 and 6056 for 2017 has been extended for 30 days.  Good-faith transition relief from penalties has also been extended for 2017 reporting. The due date for filing returns with the IRA for 2017 is not affected. To read entire article click here.

5 Ways to Prevent Workplace Harassment

Harassment is a form of employment discrimination that may violate federal laws like Title VII of the Civil Rights Act, the Age Discrimination in Employment Act and the Americans with Disabilities Act.  A list of best practices is available for employers to use in their workplace. To read entire article click here.

In 2018, Employees May Contribute More Money to Their Benefit Plans

The IRS recently announced cost-of-living adjustments to the annual dollar limits for employee benefit plans.  In 2018 employees may contribute more money to their HSA’s, health FSA’s and 401(k) accounts. Employers should communicate these limits to employees in connection with the annual open enrollment. To read entire article, click here.